Blog of Newfound Research


 

Summary The power of strategic asset allocation is best harnessed when future asset class behavior is relatively certain and diversification opportunities abound. Holding all else equal, tactical asset allocation (“TAA”) is most likely to add value in […] The post Rising Correlations and Tactical Asset Allocation appeared first on Blog of Newfound Research.

 

Upcoming Conference Panel Appearances [0.06]

Posted on Oct. 24, 2016, 12:02 a.m. by Blog of Newfound Research @ [cached copy]

 

This blog post is available as a PDF here. Summary­­ The debate for the best way to build a multi-factor portfolio – mixed or integrated – rages on.

 

A shock to the covariance system [0.13]

Posted on Oct. 3, 2016, 3:02 p.m. by Blog of Newfound Research @ [cached copy]

This blog post is available as a PDF here. Extreme market events often cause volatilities and correlations to spike dramatically, but stress testing on an individual asset basis can allow our own biases and oversights to […] The post A shock to the covariance system appeared first on Blog of Newfound Research.

 

Summary Many articles expounding upon the risks of ETFs that invest in illiquid assets (high yield bonds, bank loans, emerging markets, etc. While there are additional risks inherent to these ETFs, the ETF structure provides an additional layer of […] The post High Yield Bond ETFs: Liquidity Time Bombs?

 

Justin is a Managing Director in Newfound’s Investment Strategies group. Justin is a frequent speaker on industry panels and contributes to ETF Trends.

contributes etf frequent industry Justin panels speaker trends

 

Optimizing for Anxiety [0.24]

Posted on Sept. 12, 2016, 10:16 p.m. by Blog of Newfound Research @ [cached copy]

This blog post is available as a PDF here. Investors can suffer from behavioral biases – particularly around reference points ­– that can make normative optimal portfolios sub-optimal in practice.

 

Justin is a Managing Director in Newfound’s Investment Strategies group. Justin is a frequent speaker on industry panels and contributes to ETF Trends.

contributes etf frequent industry Justin panels speaker trends

 

Uncertain Alpha [0.20]

Posted on Aug. 29, 2016, 3:02 p.m. by Blog of Newfound Research @ [cached copy]

Nathan is a Vice President in Newfound’s Investment Strategies group, where he is responsible for the ongoing research and development of quantitative investment models.

 

Are Stocks Actually Undervalued? [0.26]

Posted on Aug. 22, 2016, 3:02 p.m. by Blog of Newfound Research @ [cached copy]

This blog post is available as a PDF here. While there is often great wisdom in the crowd, there can also be great madness.

 

Low Volatility is Not Low Risk [0.20]

Posted on Aug. 15, 2016, 3:02 p.m. by Blog of Newfound Research @ [cached copy]

Nathan is a Vice President in Newfound’s Investment Strategies group, where he is responsible for the ongoing research and development of quantitative investment models.

 

Finding 7.5% Returns [0.09]

Posted on Aug. 8, 2016, 3:02 p.m. by Blog of Newfound Research @ [cached copy]

This blog post is available as a PDF here. Summary Over the last year, we’ve written about how low interest rates and high equity valuations point to a low return rates for traditionally allocated portfolios.

 

This blog post is available as a PDF here. Summary As a stand-alone asset class, dividends may make an interesting alternative to fixed income: they offer low volatility, are generally robust to market crises, and may serve as an inflation hedge.